Example of a washout long trigger using multiple time frames.
this shows a 2hr and a 10 min. Again fractal because I could be
using a 5 min and 1 min, or a 15 min and 3 min, a 45 min and a 5
min
The setup: Very oversold condition as illustrated on the 2hr
time frame; wide MA Ribbon, and 6 consecutive candlestick closes
below the lower Bollinger Bands.
The Trigger: using a 5 to 10 times smaller time frame, here
I'm using a 10 min long trigger is simply a bullish MACD cross with
stop at candle low
Educational example of one of my washout setups
Posted by matt on 25th of Apr 2022 at 06:14 pm
Example of a washout long trigger using multiple time frames. this shows a 2hr and a 10 min. Again fractal because I could be using a 5 min and 1 min, or a 15 min and 3 min, a 45 min and a 5 min
The setup: Very oversold condition as illustrated on the 2hr time frame; wide MA Ribbon, and 6 consecutive candlestick closes below the lower Bollinger Bands.
The Trigger: using a 5 to 10 times smaller time frame, here I'm using a 10 min long trigger is simply a bullish MACD cross with stop at candle low
great educational set-up Matt, thanks
Posted by mundy on 26th of Apr 2022 at 05:03 am
great educational set-up Matt, thanks
In this ex, is the
Posted by mitchell on 25th of Apr 2022 at 07:22 pm
In this ex, is the preferred sell trigger then based on a higher low from the 10 min chart or another setup?